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IPO · Commerce & Consumer Brands

Rentomojo lists on Indian stock exchanges

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RentoMojo logo
Date
Company
RentoMojo
What it does
Furniture and appliance rentals
Kind
IPO
Amount
Rs 1,255.57 crore
Stage
public
Based in
Bengaluru
Sector
Commerce & Consumer Brands

What they do

Rentomojo rents out furniture, appliances and electronics to urban renters and offices across major Indian cities

What happened

The company completed a Rs 1,255.57 crore IPO, pricing shares 19% above issue price and raising Rs 150 crore fresh capital through both primary and…

Why it matters

The listing values Rentomojo at about Rs 5,071 crore, highlighting strong demand for rental‑economy firms and signals investor confidence in the sector

The details

  • Rentomojo launched an IPO worth Rs 1,255.57 crore, with shares opening 19% above the issue price on September 17, 2026.
  • The offering was 72.89 times oversubscribed, reflecting strong market appetite for the rental‑economy model.
  • Accel served as the biggest seller in the OFS, offloading roughly Rs 317 crore of shares.
  • Only Rs 150 crore of the issue was a fresh primary component, underscoring the firm’s ability to fund growth internally.
  • The IPO priced the company at an implied market capitalisation of roughly Rs 5,071 crore.
  • Post‑listing, Accel retained a 20.92% pre‑IPO stake, with a slight adjustment after share allocation.

The bigger picture

  • The strong subscription multiple signals investor confidence in the growing demand for flexible home‑furnishing solutions.
  • Rentomojo’s three‑year profitability track record allowed it to raise minimal fresh capital, highlighting a sustainable business model.
  • The listing demonstrates the broader market’s appetite for consumer‑facing platforms that combine convenience with asset‑light operations.

About the business

  • Rentomojo provides monthly rental plans for furniture, appliances, electronics and fitness equipment across major Indian metros.
  • Customers can choose bundled packages or individual items, with free installation, maintenance and relocation services.
  • The platform operates over 100 offline stores, enabling quick delivery and on‑site support.
  • Revenue is generated through recurring subscription fees, with optional early‑exit and upgrade options for flexibility.
  • The company sources products from reputed manufacturers, ensuring quality and brand assurance for renters.
  • Rentomojo’s model converts capital‑intensive purchases into operating expenses, appealing to short‑term urban dwellers.
  • It offers a damage‑waiver policy and a refundable security deposit, reducing perceived risk for users.

The deal

Type
ipo

Investors

  • Accel (existing) — Largest seller in the offer‑for‑sale, disposing about Rs 317 crore of shares

Founders

  • Geetansh Bamania, Founder
  • Vinod Kumar, Founder
  • Vikas Goyal, Founder
  • Lal Chand Bisu, Founder

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